Flash news: Hang Seng Index opens lower by 1.93%, breaks below 25000 points; Tech Index falls 1.9%; Tech stocks and gold stocks decline broadly; Chifeng Gold drops over 18%

MaticHoleFiller · 2026-03-23T18:09:33+00:00

U.S. stocks fell sharply last week due to rising bond yields caused by geopolitical tensions and high oil prices. Hong Kong stocks opened lower today, with the Hang Seng Index down 1.93%. Tech stocks declined broadly, gold stocks plunged, while oil and gas stocks rose against the trend. Two newly listed stocks performed strongly.

MaticHoleFiller

2026-03-23 18:09:33

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U.S. stocks fell sharply last Friday amid ongoing geopolitical tensions, with oil prices remaining high, prompting a rapid rise in bond yields and dragging the market lower. All three major indices closed lower. The dollar trend improved, with the U.S. 10-year Treasury yield rising to 4.39%. Gold prices were significantly pressured, while oil prices hovered at high levels.

Today, Hong Kong stocks opened lower across the board. The Hang Seng Index opened down 1.93%, at 24,789.14 points. The Hang Seng Tech Index fell 1.9%, and the Hang Seng China Enterprises Index dropped 1.64%. In the market, tech stocks declined collectively, with Baidu down over 4%, Bilibili down over 3%, Kuaishou, Alibaba, and Tencent down over 2%. Gold stocks mostly fell, with Chifeng Gold dropping over 18%. Innovative medicine concept stocks opened lower, with Yuanda Medical down over 10%. Most chip stocks declined, with GigaDevice falling over 6%. Oil and gas stocks rose against the trend, with Bakin Oilfield Services up over 5%. Today, two new stocks are listed: Feishu Innovation surged over 32%, and Guomin Technology rose over 34%.

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